The wealth-making effect in the crypto world is remarkable. The reason why it can be multiplied ten times, a hundred times or even a thousand times overnight is because fools who think they are full of sudden wealth have a lot to do with it.
As a D-site where profits and losses are the same, the flip side of making money quickly is that most of the young and inexperienced people will quickly go bankrupt and lose everything.
As a newcomer, entering the crypto space basically means dying a few times and starting over again.
Those who are lucky will gradually learn from their experiences and lessons, and gradually find certain opportunities in the market to succeed.
For most people, the crypto circle is just a place for consumption, just like a game. Once you deposit money, it’s gone. It’s purely entertainment and you can’t take a penny with you.
There are only two types of people in this circle who have a good ending. One type is gifted, extremely smart and sees through the world; the other type admits that they are stupid and does what they are told.
There are too many things that need to be explained, and you might not listen even if I explain them. Based on the principle of saving as many people as possible, today I will tell you one more principle: if you don't comply, your life will be ruined.
Generally, when newcomers first enter the circle, they often see enthusiastic KOLs shouting orders without thinking on Weibo, X and other domestic and foreign social media, listing a series of favorable factors and calling on their families to rush in.
It is called the code of wealth.
But, most of the time it is a code for bankruptcy. You are the fuel for others to realize their dreams of getting rich, a cheap "dog pusher" who comes with his own dry food.
"If you buy a B and don't CX it, you are an asshole."
How to put it, if you are a banker and a big investor, then this is very true, but in terms of the few coins in the pockets of most people and the channels for obtaining information, you can only be a bag holder and a free dog pusher.
There is also a widely circulated fallacy in the circle. Given the intellectual level of most people, it is difficult to see the trap in it.
"Don't speculate on the old, throw away your brain, and speculate on whatever is hot."
Right and wrong, because new and old are relative concepts, and hot or not is also a relative concept.
Remember one iron rule.
Newly listed coins on major exchanges are only being sold. No matter what kind of cheap stuff they are, don’t buy them before they cool down sufficiently.
As for chips, either grab the earliest ones in the primary market or wait until they cool down sufficiently.
Don't be impatient at other times, or you'll be done for.
Hear thunder in the silence and achieve miraculous achievements in the invisible.
The latest and cooled-down targets are actually the ones that are deserted, and the valuable "heat" can only be the early hot spots in a small circle.
Once it becomes a widespread "consensus", you can only sell the goods and cannot take over.
Maybe you enter the market and then the price rises several times, but if you are not careful about taking profits, most of the projects will enter a cooling-off period and plummet, because the early low-cost profit chips will flee.
Your cost is 0.2, while the cost of "Dog Village" may be 0.0002.
Most of the time, the room for hot stocks to rise may only be three to five times, but if they fall, they can "fall hundreds of times". Even for good projects, a drop of more than 90% is very common, creating an endless abyss.
99.99% of hot spots are eternally silent tombstones.
In other words, on the road of chasing hot spots, the probability that your dream of getting rich quickly will lead you into hell is 99.99%.
Subscribe to this account to get continuous updates on the trading secrets series.
This article is the 4th article of the Secret of Trading, and the first release date is 2024-01-04.
#ETH #TradeNTell #ALT $ALT $MANTA $1000SATS
